This is a story you will not see on any "Headlines".
Mike...we love you! Keep making good decisions!
From NBC Sports:
Michael Vick has nearly paid off his bankruptcy debt
Posted by Darin Gantt on December 18, 2014, 9:53 AM EST
Now, he’s paid back most of the rest of the debt he accumulated.
According to Darren Rovell of ESPN, Vick has paid back most of the $18 million he owed to creditors when he filed for bankruptcy in July 2008.
Vick has been able to pay them back by living on a budget of $300,000 per year, which seems luxurious except he’s made more than $49 million from the Eagles and the Jets over that span. (OK, that still sounds luxurious).
“I feel blessed because I came out and found myself in a position where I had a lot of people that really believed in me, people who gave me an opportunity,” Vick said. “At the time, it wasn’t about trying to fulfill all the bankruptcy needs. I was trying to fulfill all the needs that I had in my life because I had nothing.”
“I had never been on a budget before, so I had to pay attention to everything that I was doing. Now I realize that I don’t need certain things I bought back in the day, like a new boat.”
Vick’s financial discipline — even if a little late — should be commended, as he could have chosen a form of bankruptcy which would have allowed him to avoid most of his debts.
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